Tuesday’s vote was a first-time effort to improve Algoma's compensation decisions, but it's not binding on the company
Shareholders of Algoma Steel Group Inc. gave a thumbs-up on Tuesday to millions of dollars in performance incentives paid to senior executives.
The shareholder vote was a first-time effort to enhance accountability for Algoma's compensation decisions, but it's nonetheless not binding on the company. "Algoma’s compensation philosophy is designed to align the compensation provided to its executives... with the achievement of business objectives, while also enabling Algoma to attract, motivate and retain individuals who contribute to Algoma’s long-term success.
"Its focus is to reward the achievement of corporate performance objectives, and to align executive officers’ incentives with the company's performance.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Algoma Steel hands off $65K to Sault College for new football gear, athletic scholarships$25K will go toward new football team, while $40K will fund scholarships for outstanding local, Indigenous, female and skilled trades students involved in varsity sports
Read more »
Algoma Steel insiders are selling shares worth millionsCEOs of both companies involved in a $1.7-billion merger deal in 2021 are now reducing their holdings of Algoma Steel stock
Read more »
Two thieves stole $800K worth of materials from Algoma Steel: Sault PolicePolice say two suspects were arrested on the fence line of the plant — 'preventing what was likely another theft'
Read more »
PUC gets OK to build massive new power line for Algoma Steel's electric arc furnaces'This project is a critical step in ensuring a resilient and sustainable energy future for our region': Construction is expected to begin in 2025 and be completed in 2027
Read more »
Ministry of Labour confirms critical injury at Algoma SteelAlgoma Steel has received two orders and a requirement from the ministry as a result of the incident
Read more »
Steve Wochy, oldest living former NHLer, honoured by Algoma Steel101-year-old Wochy, one of Algoma’s oldest retirees, receives personalized hockey jersey from company
Read more »